BlackRock Sustainable American Income Trust Plc - Portfolio Update
All information is at
Performance at month end with net income reinvested
One Three Six One Three
Five Years
Month Months Months Year Years
Net asset value -1.1 -2.0 6.5 12.3 24.0 48.0
Share price 0.3 0.1 5.8 10.4 20.7 32.7
Russell 1000 Value Index -0.2 -2.2 7.5 13.7 28.4 55.0
At month end
Net asset value - capital only: 216.60p Net asset value - cum income: 217.04p Share price: 197.00p Discount to cum income NAV: 9.2% Net yield1: 4.1% Total assets including current year revenue: £163.6m Net gearing: 0.4% Ordinary shares in issue2: 75,376,665 Ongoing charges3: 1.03%
1
Based on two quarterly dividends of 2.00p per share declared on
² Excluding 24,984,640 ordinary shares held in treasury.
³ The Company’s ongoing charges calculated as a percentage of average daily net assets and using the management fee and all other operating expenses excluding finance costs, direct transaction costs, custody transaction charges, VAT recovered, taxation and certain non-recurring items for the year ended
Sector Analysis Total Assets (%)
Financials 18.6
Health Care 16.9
Information Technology 15.5
Consumer Discretionary 10.0
Energy 7.7
Industrials 7.6
Communication Services 6.2
Consumer Staples 6.2
Utilities 5.4
Materials 4.1
Real Estate 2.0
Net Current Liabilities -0.2
-----
100.0
=====
Country Analysis Total Assets (%)
United States 88.2
United Kingdom 5.8
France 2.0
South Korea 2.0
Australia 1.2
Switzerland 1.0
Net Current Liabilities -0.2
-----
100.0
=====
#
Top 10 Holdings Country % Total Assets Citigroup United States 3.5 Shell United Kingdom 2.9 Comcast United States 2.7 American International United States 2.6 Johnson Controls International United States 2.5 CVS Health United States 2.4 Cardinal Health United States 2.4 Fidelity National Information Services United States2.3 Dollar Tree United States 2.3 Sony United States 2.3
For the one-month period ended
The largest contributor to relative performance stemmed from stock selection in energy, with selection decisions in oil, gas & consumable fuels boosting relative performance. Selection decisions in health care also boosted relative performance, with stock selection in health care providers and services particularly beneficial to relative performance. Other modest contributors during the period at the sector level included selection decisions in utilities and an overweight allocation to information technology.
The largest detractor from relative performance stemmed from stock selection in consumer staples, most notably in consumer staples distribution and retail. Selection decisions in industrials detracted from relative performance, with stock selection in building products dragging on relative performance. Other modest detractors at the sector level included selection decisions in real estate and materials.
Transactions
During the month, the Company’s largest purchase was Keysight Technologies. The Company exited its position in Texas Instruments.
Positioning
As of the period end, the Company’s largest overweight positions relative to the reference index were in the information technology, communication services and consumer discretionary sectors. The Company’s largest underweight positions relative to the reference index were in the industrials, real estate and materials sectors.
Source: BlackRock.
Latest information is available by typing blackrock.com/uk/brsa on the internet, "BLRKINDEX" on Reuters, "BLRK" on Bloomberg or "8800" on Topic 3 (ICV terminal). Neither the contents of the Manager’s website nor the contents of any website accessible from hyperlinks on the Manager’s website (or any other website) is incorporated into, or forms part of, this announcement.
Release
